Ethereum failed to clear the $1,300 resistance zone against the US Dollar. ETH remains at a risk of more losses if there is a break below the $1,170 support zone.
- Ethereum steet géint Resistenz no bei den $1,250 an $1,280 Niveauen.
- De Präis handelt elo ënner $ 1,240 an dem 100 all Stonn einfache bewegt Duerchschnëtt.
- Et gëtt eng gréisser bearish Trendlinn déi sech mat Widderstand bei $ 1,245 op der Stonnekarte vun ETH / USD formt (Datafeed via Kraken).
- The pair could accelerate lower if there is a clear move below $1,180 and $1,170.
Ethereum Präis Faces Hurdles
Ethereum attempted an upside break above the $1,300 resistance, similar to bitcoin at $17,000. ETH failed to gain pace for a clear move above the $1,300 resistance.
A high was formed near $1,290 before the price started a fresh decline. There was a clear move below the $1,260 and $1,250 levels. Ether price even traded below the $1,220 level. A low is formed near $1,183 and the price is now consolidating losses.
The price is now trading below $1,240 and the 100 hourly simple moving average. There was a minor increase above the 23.6% Fib retracement level of the recent decline from the $1,290 swing high to $1,183 low.
An immediate resistance on the upside is near the $1,240 level. There is also a grouss bearish Trend Linn forming with resistance near $1,245 on the hourly chart of ETH/USD. The trend line is near the 50% Fib retracement level of the recent decline from the $1,290 swing high to $1,183 low.
Source: ETHUSD op TradingView.com
The next major resistance is near the $1,265 level. A clear break above the $1,265 resistance could send the price towards the $1,300 resistance zone. To start a steady increase, the price must settle above $1,300. In the stated case, the price could rise towards the $1,400 level.
Méi Verloschter an der ETH?
Wann d'Ethereum net iwwer d'$1,245 Resistenz klëmmt, kann et weider erof goen. Eng initial Ënnerstëtzung um Nodeel ass no bei der $1,185 Niveau.
The next major support is near the $1,170 level, below which ether price may perhaps start another major decline. In the stated scenario, the price could drop towards the $1,100 support zone in the near term.
technesch Indicateuren
Ofleen MACD - De MACD fir ETH / USD verléiert elo Dynamik an der bearish Zone.
Stonn RSI - De RSI fir ETH / USD ass elo ënner dem 50 Niveau.
Major Support Level - $ 1,170
Major Resistenzniveau - $ 1,265
Source: https://www.newsbtc.com/analysis/eth/ethereum-price-hurdles-1300/